July 11 , 2014

Element poised to become fastest growing financial in Canada

Canada -- Element Financial the company is poised to become the fastest-growing financial company in Canad, says a report by the Globe and Mail.

Citing comments from Davis Rea, the CEO of investment counsel that owns Element stock, the Globe and Mail says estimated annual earnings growth, excluding acquisitions, would be at a pace unlikely to be exceeded by the large banks, fund management companies or life insurance companies.

Citing commentary from the president of an independent research firm, the Globe and Mail said, referring to Element CEO Steve Hudson’s previous presence in this market at Newcourt Credit, “This time around they’re focusing on the verticals they know are the most profitable and the verticals where they can achieve the highest organic growth rates.”